San Marcos Duplex Investment
1026 Haynes ST 28, San Marcos, TX 78666
Short-term rental capable duplex near Texas State University.
Type:Multi Family
Property size:
1,497 SFPrice / SF:
$217/SF- Added:
- Apr 16, 2025
- Days on Market:
- 411
- Last Refresh:
- May 28 at 4:34 pm
Property Features for 1026 Haynes ST 28
General Information
- Standard status
- Active
- Size
- 1,497 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1964
Listing agent Justin Herbelin License #0581963 (830) 624-9464
Listing office Anders Pierce Realty, LLC (830) 624-9464
Listing date Apr 16, 2025
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Anders Pierce Realty, LLC
HighLights
- Proven short‑term and long‑term rental income performance.
- Duplex property suitable for rental portfolio diversification.
- Leased 2/1 unit provides immediate income through July 2026.
- Central location near San Marcos River, Vista Park, and downtown.
- Recently renovated condition.
- Large, fully‑fenced backyards with mature tree canopies.
Overview
This duplex is suitable for short-term rentals and has a history of generating income from both short and long-term rentals. One unit, a 3-bedroom, 1-bathroom configuration, is currently occupied on a month-to-month basis. The other unit, featuring 2 bedrooms and 1 bathroom, is leased through the end of July 2026. The property has been recently renovated and is located near the San Marcos River, Vista Park, and the downtown playscape. The central location includes large, fully-fenced backyards with a cross-fence separating the units, and mature trees provide shade. This property offers an entry point into the Texas State University area rental market, with the potential for increasing rents in a rapidly growing area. The property size is 1497 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.7k | $25.20 |
| − Vacancy | −$1.9k | −$1.24 |
| EGI | $35.9k | $23.96 |
| − OpEx | −$10.8k | −$7.19 |
| NOI | $25.1k | $16.77 |
1,497 SF · lease $25.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$358.6K
$313.8K – $418.4K
NOI $25,103 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$327.8K
$286.9K – $382.5K
NOI $22,948 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$625.8K
$547.6K – $730.1K
NOI $43,805 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- San Marcos
- County
- Hays
- State
- Texas
- Longitude
- -97.9282357
- Latitude
- 29.8828173
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Short-term rental capable duplex near Texas State University.
Where is this duplex located?
The property is located at 1026 Haynes ST 28 San Marcos, TX.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Proven short‑term and long‑term rental income performance.; Duplex property suitable for rental portfolio diversification.; Leased 2/1 unit provides immediate income through July 2026.
